Accounting 0452 · IGCSE · Correction of errors

Correction of errors — practice question

Khalid posted items to a suspense account to rectify two mistakes discovered in his ledger accounts. After those mistakes had been corrected, the suspense account was cleared. error 1 $700 sales had been left out of the sales account. error 2 The purchases journal had been overcast by $550. Which entry was posted in the suspense account to make the trial balance agree?

  • Acredit $150
  • Bcredit $1250
  • Cdebit $150
  • Ddebit $1250

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